In order for current world economic growth rates to continue, it is crucial to keep the United States dollar from falling rapidly while also avoiding a recession, says a United Nations report released today.
“We call for a coordinated strategy that would think about how to adjust these global imbalances while avoiding recessionary tendencies in the global economy,” Rob Voss, Director of Development Policy and Analysis at the UN Department of Economic and Social Affairs (DESA), told reporters as he launched the report at UN Headquarters.
According to the report, the World Economic Situation and Prospects mid-year update, the world economy is still strongly tied to US fortunes, and the slowdown in the country’s housing market is already a major factor in slowing world growth to 3.4 per cent for 2007, down from the 4 per cent achieved in 2006. MORE
http://www.un.org/apps/news/story.asp?NewsID=22732&Cr=economic&Cr1
“We call for a coordinated strategy that would think about how to adjust these global imbalances while avoiding recessionary tendencies in the global economy,” Rob Voss, Director of Development Policy and Analysis at the UN Department of Economic and Social Affairs (DESA), told reporters as he launched the report at UN Headquarters.
According to the report, the World Economic Situation and Prospects mid-year update, the world economy is still strongly tied to US fortunes, and the slowdown in the country’s housing market is already a major factor in slowing world growth to 3.4 per cent for 2007, down from the 4 per cent achieved in 2006. MORE
http://www.un.org/apps/news/story.asp?NewsID=22732&Cr=economic&Cr1